Bouakez, Hafedh; Chihi, Foued; Normandin, Michel - In: Journal of Economic Dynamics and Control 47 (2014) C, pp. 123-151
Measuring the effects of discretionary fiscal policy is both difficult and controversial, as some explicit or implicit identifying assumptions need to be made to isolate exogenous and unanticipated changes in taxes and government spending. Studies based on structural vector autoregressions...